Newcastle Intermediaries has launched 60 per cent loan to value (LTV) remortgages to its range.
The two products have rates of 2.95 per cent for the two-year fix, and 3.1 per cent for the five-year fix.
Both deals have no product fees, offer a free standard valuation and free legal fees, so long as the borrower chooses the mutual’s selected solicitor.
The two-year fixed deal has an early repayment charge (ERC) of two per cent in the first year, down to one per cent in the second.
The five-year fixed deal has an ERC of five per cent in the first year, and this drops by one percentile annually to one per cent in the final year.
Both allow ERC-free overpayments of up to 10 per cent each year.
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Intermediaries, said: “We know that with the rising cost of living and recent increases to base rate, even more homeowners are looking to remortgage on the best possible terms.
“By introducing two new 60 per cent LTV products and assistance with fees, we’re giving brokers and their clients some competitive options backed by our flexible approach to underwriting and leading service levels.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
